RHI MAGNESITA INDIA LTD has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.0%Reaction day

₹495.00

prior close

₹491.50

announcement price

After-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%-1.5% vs market

Electrodes & Refractories peers, median of 10sector+0.5%-1.5% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Smallcap 250 and 1.5 pts less than its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.0+0.5-1.5+0.5-1.5

Next day

-1.7+0.5-2.2+0.0-1.8

+0.0+1.1-1.1+0.3-0.3

-1.3+0.7-2.0+0.1-1.5

-0.8+2.0-2.8+0.1-0.9

+2.1+2.8-0.7+1.4+0.7

+0.8+3.2-2.5+1.2-0.5

15d

-3.5+2.6-6.1+1.3-4.7

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-10.7+3.2-13.9+2.2-12.9

-6.3+2.7-9.1+1.9-8.2

UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

RHI Magnesita India has appointed Mr. Naresh Verma (Proprietor of M/s. Naresh Verma & Associates, Company Secretaries) as the new Secretarial Auditor of the company. The appointment, approved by the Board on 8 August 2025 on the recommendation of the Audit Committee, is for a period of five consecutive years covering FY 2025-26 to FY 2029-30. The appointment is subject to shareholder approval at the upcoming Annual General Meeting. The firm holds a peer review certificate from the Institute of Company Secretaries of India and specializes in corporate laws, SEBI regulations, FEMA, and secretarial/due diligence/compliance audits.

Likely market impact

This is a routine governance-related disclosure with no material financial impact. Shareholders will need to approve the appointment at the next AGM, and the continuity of secretarial audit oversight for the next five years provides governance stability.